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Hrvatski Telekom holds its own

October 28, 2011 14.00 Europe/London By Chris Dziadul

The Croatian incumbent telco Hrvatski Telekom (T-HT) ended the third quarter with a total of 337,000 subscribers to its TV services, or 21.5% more than in the same period last year.

All but 19,000 were residential customers, and the overwhelming majority opted for IPTV rather than DTH or cable reception of its TV offer.

However, revenues for the first nine months of the year were, at HRK6,092 million (€822 million), 3.6% down on a year earlier and EBITDA fell 2.1% year-on-year to HRK2,799 million.

Its net profit was almost flat at HRK1,483 million. T-HT’s business continues to be impacted on by recession, regulatory initiatives and a special tax.

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Filed Under: Central & East Europe, Newsline Tagged With: Hrvatski Telekom Edited: 28 October 2011 14:00

About Chris Dziadul

Chris is our Central & East Europe Editor. You can talk to Chris on Twitter @chrisdziadul or by email at cdziadul@broadbandtvnews.com

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